# The Offshore Funds (Tax) Regulations 2009, Regulation 49: Structure and application of this Part

Extent: E+W+S+N.I.

(1) The structure of this Part is as follows—
(a) this Chapter contains preliminary provisions;
(b) Chapter 2 deals with entry into the reporting fund regime;
(c) Chapter 3 deals with the general duties of reporting funds;
(d) Chapter 4 deals with the preparation of accounts;
(e) Chapter 5 deals with the computation of reportable income;
(f) Chapter 6 deals with transactions by certain reporting funds which are not treated as trading;
(fa) Chapter 6A deals with transparent reporting funds;
(g) Chapter 7 deals with reports to participants;
(h) Chapter 8 deals with the tax treatment of participants in reporting funds;
(i) Chapter 9 deals with the provision of information to HMRC;
(j) Chapter 10 deals with breaches of reporting fund requirements;
(k) Chapter 11 deals with leaving the reporting fund regime;
(l) Chapter 12 deals with constant NAV funds.
(2) This Part contains provisions applying to—
(a) funds that are not constant NAV funds (see Chapters 2 to 11), ...
(aa) transparent reporting funds (see Chapter 6A), and
(b) constant NAV funds (see Chapter 12).
(3) Chapters 4 to 6 do not apply to transparent reporting funds.

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Source: https://www.legislation.gov.uk/uksi/2009/3001/regulation/49 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-regulations-2009/regulation-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.